03/12/2025
๐ Connecting the Dot: Economist & Bloomberg columnist Mohamed El-Eriam addresses wait-and-see approach by corporate leaders and predicts 25%-30% chance of recession in USA ๐บ๐ธ
At the beginning of the year, he projected probability of U.S. recession at 10%.
When corporate leaders and decision makers face uncertainty, the risk of making a decision seems too high.
It can result in freezing and adopting a wait and see approach to mitigate risk instead of taking decisive action.
While await and see approach is understandable, it only exacerbates an already bad situation.
The fallout for local and global economies is of nuclear proportions.
Instead of hitting the brakes on spending and delaying decisions, it's important for corporate leaders to focus on what they can control.
During times of economic turbulence and uncertainty a shared team toolkit can help bring clarity to charge your course forward.
It can help with analysis, decision making, course correction, and planning.
Suggested tools include:
๐ก idea chains for brainstorming
โฝ๏ธ force field analysis for risk assessment
๐ณ decision trees
โ๏ธ sensitivity analysis
โน๏ธ SWOR analysis
โป๏ธ SWOT analysis
๐ฌ storyboards
๐งฐ Does your business have a team toolkit?
Mohamed El-Erian, president of Queensโ College, Cambridge and a Bloomberg Opinion columnist, says the chance of a US recession is now at 25%-30%. El-Erian ha...